NEW YORK— Michaels Stores Inc. said Thursday that about 2.6 million cards, or about 7 percent of all debit and credit cards used at its namesake stores, may have been affected in a security breach. The nation's largest arts and crafts chain said its subsidiary Aaron Brothers was also attacked, with about 400,000 cards potentially affected.» Read More
The global economy will struggle more than people now think, as the credit crunch spreads beyond housing and financials, Gerald Hassell, Bank of New York Mellon president, told "Squawk Box Europe" Friday.
Having free access to your credit report is a relatively new phenomenon. Let's make sure you know how to get the most out of it.
If you're overwhelmed with debt, a non-profit credit counselor may be what you need.
Need to know how to find a credit counselor? What if you have to settle your debt? Is it legal to decrease your credit line without notice? Find out here.
Don't spend more than 15% of your monthly income on paying down debt. Instead, chip away until it's at zero.
Having unused credit cards strengthens your ability to get the best home loan available.
The best way to do it is also the most obvious: get your credit card balances to zero.
The worst of the credit crunch is over, but the Federal Reserve is likely to keep interest rates on hold for a long time despite a surge in oil prices, as the U.S. economy still has to prove it is stabilizing, money manager Bob Doll said on Tuesday.
U.S. consumer borrowing rose by $8.95 billion in April, more than expected, as closed-end consumer loan growth overshadowed the smallest rise in credit card borrowing in nearly three years.
These days, shopping for the best bank (with the fewest fees) isn't as painstaking as it once was -- because now it's all about innovation and choice.
Cash-strapped Americans are ringing up more purchases on their credit and debit cards, but there could be a steep price to pay ahead.
Nearly half of the young people in this country don't pay their bills on time. But thanks to the glorious innovation of online banking, it's easier than ever to stay on top of things.
Some of the worst stocks are up Monday despite bad news. Are any of them worth buying?
Target says it is selling an interest in its credit-card receivables business to JPMorgan Chase for about $3.6 billion.
The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies.
Visa reported earnings that easily outstripped expectations in its first ever results as a publicly traded company, but the company's shares declined in extended trading.
American Express said its net income fell 6 percent but earnings beat expectations and revenue increased amid higher card-member spending.
Capital One Financial, a credit card and banking company, said on Thursday that first quarter earnings fell, as it set aside three times as much money for credit losses as the same quarter last year.
Cramer makes the call on viewers' favorite stocks.
Visa shares jumped as much as 38 percent in the world's largest credit card network's market debut on Wednesday, as eager investors handed some beleaguered U.S. banks a much-needed payday.